Cricut, Inc. (NASDAQ:CRCT) CEO Sells $124,525.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $5.86, for a total transaction of $124,525.00. Following the transaction, the chief executive officer now directly owns 3,694,127 shares of the company’s stock, valued at $21,647,584.22. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arora Ashish also recently made the following trade(s):

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total transaction of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total value of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.31, for a total value of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total value of $127,500.00.
• On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.87, for a total value of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Price Performance

Shares of CRCT stock opened at $5.79 on Friday. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 20.68 and a beta of -0.01. The stock has a 50 day simple moving average of $5.69 and a 200-day simple moving average of $5.98.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently disclosed a None dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered their target price on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On Cricut

Several large investors have recently bought and sold shares of CRCT. R Squared Ltd acquired a new stake in shares of Cricut in the fourth quarter worth approximately $36,000. Copeland Capital Management LLC purchased a new position in Cricut in the 4th quarter valued at $63,000. Drive Wealth Management LLC acquired a new stake in Cricut during the 4th quarter worth $64,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Cricut during the third quarter worth $70,000. Finally, CWM LLC raised its position in shares of Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after buying an additional 2,322 shares during the last quarter. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Cricut Company Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.